Macroaxis considers Sprint to be relatively risky. Sprint
owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0246 which indicates Sprint
had -0.0246% of return per unit of risk over the last 2 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Sprint Corporation exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Coefficient Of Variation
of (6,322) and Risk Adjusted Performance of (0.015711) to confirm risk estimate we provide. Macroaxis gives Sprint performance score of 0 on a scale of 0 to 100. The entity has beta of 1.1048 which indicates Sprint returns are very sensitive to returns on the market. as market goes up or down, Sprint is expected to follow.. Even though it is essential to pay attention to Sprint current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Sprint Corporation exposes twenty-one different technical indicators which can help you to evaluate its performance. Sprint has expected return of -0.0548%. Please be advised to validate Sprint Information Ratio and Downside Variance to decide if Sprint past performance will be repeated at some point in the near future.
Good reverse predictability
Sprint Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Sprint time series from October 15, 2018 to November 14, 2018 and November 14, 2018 to December 14, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of -0.52 indicates that about 52.0% of current Sprint price fluctuation can be explain by its past prices. Given that Sprint Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Sprint for similar time interval.